Financial Report

The Shepherds’ Trust 2012 Financial Results

Comprising: 2012 2011
Parish Collection $1,275,355 $1,226,006
Bequests and Donations 247,250 189,233
Parish Assessments   1,305,317 1,337,500
Investment Income  3,535,619 (88,246)
Other 1,536 3,106
Total $ $2,667,599


The 2012 investment income includes dividends, interest and realized gains of $1.96 million and unrealized investment gain of $1.57 million from increase in fair value of investments as at December 31, 2012.

Expenditures


2012 expenditures totalled $2.7 million (2011 - $2.7 million) consisting of monthly allowances to beneficiaries, health care premiums and costs of extended health care for priests.

Comprising:   2012 2011
Pooled Funds - Bonds $15,427,954 $14,109,932
Pooled Funds - Equities 22,679,171 19,919,965
Short Term 599,484 499,605
Total $ $34,529,502


From our 2012 Actuarial Valuation, the Net funding requirement based on the above fair market value of our investments is $9.8 million.

A copy of the audited financial statements is available for review at the office of the Archdiocese of Toronto - Accounting & Finance Department, 1155 Yonge Street, Toronto.